Describe the causes of the boom and bust cycles of the Texas oil industry.

Booms and busts in the economy are caused by an expansion of the money and credit supply. An expansion causes an inflationary “boom”, a period of rapid expansion, production, and job creation.

Explanation:

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during the 20th century, the role of the vice president has evolved into more of an executive branch position. now, the vice president is usually seen as an integral part of a president's administration and presides over the senate only on ceremonial occasions or when a tie-breaking vote may be needed.

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